The typical owner-occupied home in Peosta is worth about $336,000, 62% above the Iowa median of $208,000 and about the same as the national median of $332,700. Owners pay a median $3,766 a year in property taxes, about 1.12% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $120,833 a year, so the median home costs 2.8 times the median income (2.8 times for Iowa). 88% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Peosta at a glance
| Peosta | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $336,000 | $208,000 | $332,700 |
| Median property tax paid per year | $3,766 | $2,897 | $3,119 |
| Property tax as a share of value | 1.12% | 1.39% | 0.94% |
| Median household income | $120,833 | $75,059 | $80,734 |
| Homes lived in by their owners | 88% | 72% | 65% |
| Owner homes with a mortgage | 73% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,870 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 18.7% | 21.0% |
| Median rent | $1,056 | $972 | $1,413 |
| Rent as a share of renters' income | 34.6% | 27.4% | 30.6% |
| Median year homes were built | 2006 | 1972 | 1980 |
| Vacant homes | 11.7% | 8.5% | 10.1% |
| Population | 2,040 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Peosta
At this week's average 30-year rate of 7.11%, buying the median Peosta home of $336,000 with 20% down costs about $2,262 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,822, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $96,936 for the 20%-down payment. That payment is 22% of the median Peosta household income of $120,833; at that income and 20% down, the 28% guideline points to a home of about $419,000.
The median rent here is $1,056 a month, so owning the median home costs about $1,206 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $67,200 |
|---|---|
| Loan amount | $268,800 |
| Principal and interest | $1,808 |
| Property taxes (1.12% a year) | $314 |
| Homeowners insurance (our estimate, 0.5% a year) | $140 |
| PMI | $0 |
| Total per month | $2,262 |
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| Down payment | $11,760 |
|---|---|
| Loan amount | $329,914 |
| Principal and interest | $2,219 |
| Property taxes (1.12% a year) | $314 |
| Homeowners insurance (our estimate, 0.5% a year) | $140 |
| FHA mortgage insurance | $149 |
| Total per month | $2,822 |
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Questions about home buying in Peosta
What is the median home value in Peosta?
About $336,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Peosta?
Homeowners pay a median $3,766 a year, which is about 1.12% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Peosta?
For the median home with 20% down at 7.11%, the payment is about $2,262 a month. Keeping that under 28% of gross income takes about $96,936 a year.
More about Peosta
- Mortgage Refinance in Peosta
- Debt Relief in Peosta
- Home Equity Loans in Peosta
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data